Acquisition of Masergy at an opportune moment, analysts expect “prolonged growth”.be behind the third quarter 2019, which was a record third quarter." This is seen as a mild negative near term for the shares. Speaking at an investor conference on 14 th Sep, Comcast CEO Cavanagh revealed that Comcast is looking to "trend in line for third-quarter net adds with historical averages for the third quarter, but.Bank of America has reiterated a Buy recommendation (price target $64.00), Credit Suisse has upgraded its price target to ($56.00 from $45.00).Strong dividend growth and acquisitions make the stock attractive. Seeking Alpha website believes that Cisco has a balance sheet primed for M&A activity. Announced on Tuesday 7 th September enhancements to its Webex Calling (cloud calling service).The broker does remain positive on the story though. Morgan Stanley has downgraded the shares to “Equalweight” from “Overweight”, noting that future appreciation will have to come from earnings upside.Cisco has set a new target for a compound annual growth rate of revenue at 5% to 7% over the next five years.
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